Wall Street brokerages expect Ardagh Group SA (NYSE:ARD) to report sales of $2.04 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Ardagh Group’s earnings, with the lowest sales estimate coming in at $2.00 billion and the highest estimate coming in at $2.09 billion. The firm is expected to issue its next earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Ardagh Group will report full-year sales of $2.04 billion for the current fiscal year, with estimates ranging from $8.78 billion to $8.87 billion. For the next year, analysts forecast that the business will post sales of $8.87 billion per share, with estimates ranging from $8.75 billion to $8.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Ardagh Group.
Ardagh Group (NYSE:ARD) last posted its earnings results on Thursday, October 26th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year.
A number of large investors have recently modified their holdings of ARD. Cubist Systematic Strategies LLC lifted its position in Ardagh Group by 3,749.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,584 shares of the company’s stock valued at $217,000 after purchasing an additional 9,335 shares during the period. Aperio Group LLC acquired a new position in Ardagh Group during the 3rd quarter valued at about $257,000. First Quadrant L P CA acquired a new position in Ardagh Group during the 3rd quarter valued at about $260,000. Wells Fargo & Company MN lifted its position in Ardagh Group by 1.1% during the 2nd quarter. Wells Fargo & Company MN now owns 11,740 shares of the company’s stock valued at $265,000 after purchasing an additional 126 shares during the period. Finally, Vanguard Group Inc. acquired a new position in Ardagh Group during the 2nd quarter valued at about $289,000. 87.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ardagh Group (ARD) traded down $0.06 during trading hours on Friday, reaching $20.02. 23,327 shares of the company’s stock were exchanged, compared to its average volume of 80,131. Ardagh Group has a 12-month low of $19.55 and a 12-month high of $24.54.
About Ardagh Group
Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.
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